The price is right? Loom band dress drops to £500

The buyer of a loom band dress who bid £170,000 on eBay has pulled out of the deal.

Helen Wright from Prestatyn and Kathryn Burnand from Wrexham made the dress from 20,000 loom bands, but an email arrived on Monday saying the deal was off.

The woman, who lives in Surrey, said she couldn't afford the £170,100 price tag plus £7 postage.

The dress is believed to be the first of its kind and captured the world's attention.

Helen, her daughter Sian and Kathryn appeared on ITV Wales News, the One Show, Newsround, and their story was told in newspapers as far away as Australia and New Zealand.

Helen, who works as a barmaid in Archies in Prestatyn said they had really enjoyed the the "whirlwind" and still thought anything over £50 would be a bonus. They now have a guide from eBay helping them with another bidder.

A dress made of loom bands has sold in an online auction for £170,100.

The dress, which is made from more than 20,000 elastic bands, cost £47 to make.

Watch Wales at Six tonight on ITV Cymru Wales to hear our interview with the woman behind the creation.

An online auction for a dress made from loom bands ends tonight, with bids already exceeding £170,000.

The woman behind the creation says enthusiasm for the dress has gone 'crazy'.

The dress cost £47 to make, and Helen Wright says that any money made will be 'a bonus'.

Bidding on the online auction website ends at 5.15pm.

You can see our full interview with Helen on Wales at Six tonight on ITV.

An online auction for a dress made from loom bands ends tonight, with bids already exceeding £170,000.

Helen Wright of Prestatyn was shocked when bidding went through the roof for the dress, which is made from 20,000 elastic bands.

The dress cost £47 to make. Bidding ends at 5.15pm.

The loom craze seems to have gone a bit loony as this dress made out of loom bands on Ebay is attracting bids of almost £170,000.

But who would buy it? It's only for those who will fit a size four and six.

There have been 137 bids so far.

The seller, helenwright72 from Prestatyn in Denbighshire, describes the dress as 'Multi-coloured, made from loom bands. Picture shows my daughter wearing it (approx size 4/6).'

There are only four days left to bid.